Porch Group Reports Third Quarter 2026 Results
Porch Group beat its own expectations in Q3 2026 with consolidated revenue of $143.9 million, up 13% YoY, and swung to net income attributable to Porch of $12.2 million from a $10.9 million loss a year earlier. Insurance Services revenue grew 39% YoY to $102.8 million, Reciprocal Policies Written accelerated to 42% YoY growth, and Adjusted EBITDA (Excluding Reciprocal) more than doubled to $44.5 million. The company raised full-year 2026 guidance for its owned segments, lifting the Adjusted EBITDA range to $135M-$140M from $119M-$125M.
Key figures
- Eps
- 0.11
- Revenue
- 143860000
- Guidance
- FY26 Porch-Owned Segments (Excluding Reciprocal): revenue $518M-$523M (prior $506M-$517M), gross profit $438M-$443M (prior $419M-$429M), Adjusted EBITDA $135M-$140M (prior $119M-$125M)
- Revenue Yoy
- 13%
- Rwp yoy
- 17%
- Gross profit yoy
- 28%
- Adjusted ebitda growth
- 116%
- Allied trust deal value
- $150M total ($55M base + $50M deferred for carrier; $95M for MGA/captive)
- Insurance services revenue
- 102815000
- Reciprocal written premium
- 161000000
- Rwp from new customers yoy
- 178%
- Allied trust ebitda multiple
- <4x
- Convertible debt outstanding
- 467300000
- Porch owned segments revenue
- 140785000
- Reciprocal statutory surplus
- 174400000
- Adjusted ebitda ex reciprocal
- 44499000
- Insurance services revenue yoy
- 39%
- Reciprocal policies written yoy
- 42%
- Net income attributable to porch
- 12185000
- Porch owned segments revenue yoy
- 22%
- Porch owned segments gross profit
- 120793000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.